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NCLT approves merger of Aditya Birla Nuvo with Grasim Industries · Endata

◂ Announcements

Jun 5, 2017ACQUISITIONIndia

NCLT approves merger of Aditya Birla Nuvo with Grasim Industries

The National Company Law Tribunal approved the amalgamation of Aditya Birla Nuvo Ltd. with Grasim Industries Ltd., to be followed by the listing of Aditya Birla Financial Services Ltd.

Status

Completed

ProductscementVSFcaustic sodafinancial services

CompaniesGrasim Industries acquirer Aditya Birla Nuvo target Aditya Birla Financial Services partner

Sectors#Construction Materials #Specialty Chemicals

“This merger marks a milestone, bringing together, the financial strength provided by the debt free balance sheet of Grasim and the growth opportunities offered by ABNL’s financial services business.”adityabirla.com

1 source
adityabirla.comNCLT Approves Merger of ABNL with Grasim.Grasim Industries LimitedJun 5, 2017

Summarized from public sources; check the original articles before acting on it.

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